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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Singapore miracle – How SL could benefit from trade with Singapore-20 August 2018

Singapore miracle – How SL could benefit from trade with Singapore-20 August 2018

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ruwan326

ruwan326
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Singapore miracle – How SL could benefit from trade with Singapore-20 August 2018  Image_10

There has been a debate about what type of policy which Sri Lanka should pursue in order to deliver prosperity to its people. Some have argued that the country should follow the Singaporean model to replicate the miracle. But many others, including those on the top of Sri Lanka’s political structure and those among the mainstream economists, have disagreed. They have argued that Sri Lanka should follow its own indigenous growth model unique to itself



Appointment of a committee of experts

According to a media report released by President’s Media Division, a committee of experts has been appointed by the President to examine and report on ‘the practical impact and use of the proposed officer policy guidelines and recommendations on framing Sri Lanka’s future trade policy’ (available at: http://www.pmdnews.lk/president-expe...singapore-fta/). 

The choice of the five experts, it appears, has been done carefully drawing on the multitude of expertise which they possess not only on trade but also on all other aspects of economic policy. Two are respected university dons (Professor W.D. Lakshman and Professor Ajitha Tennakoon), one central banker turned university don (Professor Sirimevan Colombage), another a trade expert (Dr. Shantha Jayanetti) and the last, a well-experienced economist who had worn numerous hats in the Central Bank, Ministry of Finance and International Monetary Fund, just to mention a few (R.A. Jayatissa). 


cont-http://www.ft.lk/columns/Singapore-miracle-%E2%80%93-How-SL-could-benefit-from-trade-with-Singapore/4-661184

samaritan


Moderator
Moderator

Can the Govt import Arjuna Mahendran from Singapore as the first trade deal under the FTA?

ruwan326

ruwan326
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

samaritan wrote:Can the Govt import Arjuna Mahendran from Singapore as the first trade deal under the FTA?
These are the Daily FT contact numbers..... Give a call and ask Wink
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ruwan326

ruwan326
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Or you can ask by sending a mail to-(W.A. Wijewardena, a former Deputy Governor of the Central Bank of Sri Lanka, can be reached at waw1949@gmail.com.) Wink

samaritan


Moderator
Moderator

Quote:"There has been a debate about what type of policy which Sri Lanka should pursue in order to deliver prosperity to its people. Some have argued that the country should follow the Singaporean model to replicate the miracle. But many others, including those on the top of Sri Lanka’s political structure and those among the mainstream economists, have disagreed. They have argued that Sri Lanka should follow its own indigenous growth model unique to itself.

The UNP during JR & RP era assisted the Corporate sector and created business entrepreneurs. But today you find the Frankenstein type business entrepreneurs are in the Govt itself. This explains why they want to follow an indigenous model which can be a catalyst for self growth.

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